Ecommerce platforms cancel flights and slash capacity – market is 'a mess'
As anticipated, ecommerce platforms have begun cancelling flights and cutting back on capacity, while Chinese ...
© Edgars Sermulis
By Alex Lennane
Larger forwarders have been slow to embrace ecommerce – but it is the sector currently driving demand in airfreight.
Last week, airfreight rates out of China to the US rose 14%, to $5.91/kg, according to the TAC Index, while to Europe rates rose 11%, to $4.61/kg.
Market players said this current demand is driven by ecommerce rather than B2B general cargo.
While the market this year has seen volumes, on average, down about 4% globally, HACTL, Hong Kong Airport’s ground handler, saw volumes ...
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